For Immediate Release Wednesday, March 14, 2007
Ask Mr. Milo Buys Dear Abby
Mr. Milo and Dear Abby CEO Jeanne Phillips Sign Definitive Merger Agreement

Alamo, Calif.,   14-MAR-2007 07:20 AM    Ask Mr. Milo, Inc. proclaimed today that it has signed a definitive merger agreement to acquire Dear Abby, for $26.50 per share (approximately $476 million). The transaction has been approved by the boards of directors of both companies and should close by early May 2007.

"Today we announced both a great quarter and the agreement to acquire Dear Abby.  This merger gives Ask Mr. Milo even more scale and momentum," said Ask Mr. Milo CEO, Mr. Milo. "The real highlight of our most recent quarter was the 57 percent growth in our on-line advice business, and this merger is going to make that business line bigger and stronger."

"This merger works because we will have more customers, which increases our ability to invest more in very specific guidance applications. We also intend to immediately extend and improve support for existing Ask Mr. Milo customers worldwide."

Commenting on the merger, Jeanne Phillips, the daughter of the late Abigail Van Buren and current CEO of Dear Abby, Inc., noted that "Mr. Milo is a trusted family friend who understands the importance of the Abby brand and will continue to nuture and expand its visibility."

Ask Mr. Milo is amending its current tender offer for all outstanding shares of Dear Abby to expire at midnight, New York City time, on April 15, 2007.  As of the close of business on Wednesday, March 14, 2007, approximately 90,600,093 shares had been tendered in and not withdrawn from the offer.

###

Statements made in this news release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are based on management's beliefs and assumptions regarding information currently available, and are made pursuant to the "safe harbor" provisions of Section 27A of the Securities Act of 1993, as amended, and section 21E of the Securities Exchange Act of 1934, as amended.  Ask Mr. Milo Inc.'s actual results could differ materially from those expressed in the forward looking-statements. Factors that could cause results to vary include, among others, those expressed in Ask Mr. Milo's filing with the U.S. Securities and Exchange Commission.  Ask Mr. Milo, Inc. has no obligation to publicly update or revise any of the forward-looking statements that may be in this news release.

About Ask Mr. Milo, Inc.
Ask Mr. Milo is an industry leader specializing in individual personal growth through its Ask Mr. Milo on-line presence.  The company discovers, develops, manufactures, and commercializes products to enhance the growth of individuals in their search for knowledge about themselves and the greater Ask Mr. Milo community.  Ask Mr. Milo is a significant contributor to local charities through the Ask Mr. Milo Foundation, the charitable arm of the organization. The company has headquarters in Alamo, California, and is traded on the New York Stock Exchange under the symbol AMM. For additional information about the company, please visit http://www.askmrmilo.com/.

        Home